Bitcoin mining difficulty soars as hashing power nudges 1 ...

I just started mining and I have a couple of questions.

I've read a lot about it before I reverted to Reddit to get more help. But I just wanted to get some input from you guys rather to read threads and stuff that are 2 years old and what not.
So I just started mining today purely out of curiosity. I don't plan to make loads of cash but just to say I've mined a btc. Anyway, I'm in Slush's pool using GUIMiner, my wallet isn't fully syched yet but I'm mining, is that a bad idea? I have a couple more question. I appreciate your guys help.
1.How long do you guys mine for each day?
2.How long did it take for you to make your first full btc?
3.I read somewhere that mining would be dead in 1 or 2 months, (that blog being posted in February) is that correct?
4.I only have a 7870 and I have 330Mhash/s, what can I expect out of that?
5.I've read a lot of people giving other people advice saying you need 3 or 4 gpu's other wise you are only covering energy & fee prices, is that true?
6.With a rig like mine, single 7870, how much energy would it be costing me a day?
7.As of right now, I have 602 accepted shares & 3 stale/invalid. What does this mean?
Thanks, you guys are probably fed up of questions like these but I'd rather talk to someone than to read for hours through forums and blogs that are years old and may be incorrect.
submitted by Meljum to Bitcoin [link] [comments]

How come my bitminter client isn't functioning at the speed the bitminter shows me?

Whenever I use bitminter it says my speed is around 17 mhps which is only .02 ghps. However, when I go onto the bitminter website it says my power is 415 thps. As I am new to bitcoins and would like to use mining to get into it as apposed to investing cash, I would like some advice to why my speed is so slow.
submitted by jasonk123 to BitcoinMining [link] [comments]

New to this who Bitcoin mining thing. Just have some questions.

Im usually pretty good a googling everything but a lot of websites seem to be down.
Just have some questions about Bitcoin mining if anyone would like to shed their light on me.
1.) I am running a java based clint though Bitminter. (Its the only one I can get working on the mac) It says that I'm getting a speed of 50 - 60 Ghps. Is that good? How much bitcoin with that generate. It has been spinning for 3 hours and i haven't generated anything just around 200,000 work units started on.
2.) It says that the approx. mint speed is between 1.5 to 2 bitcoin per day. Is that what I'm going to receiving?
3.) When it checks my live stats it says that I'm not contributing anything when the client says im doing 50-60Ghps.
Sorry for being a N00b. I appreciate everyone in advance for helping me.
Edit BitMinter is now saying I am doing stuff but only at 0.143 Mhps where the client is saying 60Ghps. I'm clearly missing something here.
submitted by strikerthedj to Bitcoin [link] [comments]

N00b here. Need some help :D

Im usually pretty good a googling everything but a lot of websites seem to be down.
Just have some questions about Bitcoin mining if anyone would like to shed their light on me.
1.) I am running a java based clint though Bitminter. (Its the only one I can get working on the mac) It says that I'm getting a speed of 50 - 60 Ghps. Is that good? How much bitcoin with that generate. It has been spinning for 3 hours and i haven't generated anything just around 200,000 work units started on.
2.) It says that the approx. mint speed is between 1.5 to 2 bitcoin per day. Is that what I'm going to receiving?
3.) When it checks my live stats it says that I'm not contributing anything when the client says im doing 50-60Ghps.
Sorry for being a N00b. I appreciate everyone in advance for helping me.
Edit BitMinter is now saying I am doing stuff but only at 0.143 Mhps where the client is saying 60Ghps. I'm clearly missing something here.
submitted by strikerthedj to BitcoinMining [link] [comments]

Are all the bitcoin mining calculators wrong and is bitcoin mining based only on luck?

If I understand correctly, pools compete with each other to find the right hash of a single block before the others.
The first pool finding the hash gets the 25 bitcoins + fees.
The fact that a pool finds the hash before the others is based on pure luck. All the users of each pool continue to submit hashes. When one of those hashes complies with the difficulty level, the pool has mined the block and gets the bitcoins.
For example, I am mining right now on the gnash.io pool and the pool was able to get the right hash of many blocks one after the other. I get the same amount for each block mined, roughly 0.000026 for 1 Ghps. If the pool mines 5 blocks a day, I get 0.00013 bitcoins, but if the pool is lucky and mines let's say 15 blocks a day, I get 0.00039 bitcoins.
Bitcoin mining calculators can't predict this.
EDIT: just to confirm this, the pool I am using mined 29 blocks yesterday and 40 the day before.
submitted by botolo to BitcoinMining [link] [comments]

5GHs Bitcoin mining rig - YouTube Bitcoin Mining Software ~ Free Activation Key 2020 - YouTube Inside a Bitcoin mine that earns $70K a day - YouTube What is Bitcoin Mining? (In Plain English) - YouTube How to setup Avalon 60gh Mini Rig - YouTube

400 GH/s Bitcoin Miner springs to life with Raspberry Pi Bitfury’s 400GH/s Bitcoin mining rig uses 16 individual hashing boards controlled by a single Raspberry Pi – BItfury ASIC chips use a 55nm process and are sold running at an estimated 1.56 GH/s per chip, with demonstrated performance up to 2.7 GH/s. Eigentlich sollte das Bitcoin-Mining eine geradezu demokratische Erfindung sein: Jeder, der einen Computer sein eigen nennt, darf mitmachen, um neue Einheiten der virtuellen Währung zu generieren. Der Erfindungsreichtum der Miner hat dieser Idee jedoch einen Strich durch die Rechnung gezogen. Erst begannen sie, ihre Grafikkarten zu Rigs zu verbinden, dann kamen die Asics. 3. Bitcoin copy the folder elsewhere on the hard drive wherever you want, ie. E: \ Bitcoin. Bitcoin 4.Apoi delete the folder from step 2 folder (AppData \ Roaming). 5. Now make a desktop shortcut to the application Bitcoin (unless you already have) 6. Right click the shortcut and properties. Now look at the target location where you leave a ... The hash rate of the bitcoin network has exceeded (or is very close to) 1 Petahash per second (PH/s), according to various charts online. TradeBlock, which runs its own mining dashboard, reported ... Peercoin and Bitcoin are using the same SHA-256 protocol for PoW mining. Due to the lower block rewards and lower difficulty, mining in Peercoin is more decentralized. Moreover, solo mining is still viable in Peercoin, provided you have a competitive device. The following table compares Bitcoin and Peercoin's proof-of-work energy consumption:

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5GHs Bitcoin mining rig - YouTube

The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as th... This video will teach you how to setup the Avalon 60gh Mini Rig so that it can communicate with you wireless route and begin mining. This process only has to... I'm going to talking about top free best bitcoin mining website, and I'm gonna tell you every steps to get bitcoin mining! In this video I'm showing how to m... Buy Raspberry Pi 4 Model B 4GB: https://amzn.to/2tlBfGW How to Setup a Raspberry Pi 4 Bitcoin Mining Rig w/ Bitmain AntMiner U3: https://youtu.be/dPWTSytzN7g...

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